Dhruv Patel, Director of Investor Relations, Council for Entrepreneurial Development (CED)
Bio: Dhruv Patel is the Director of Investor Relations at the Council for Entrepreneurial Development - the largest and longest-running network for tech-based companies in the country. He has been working with North Carolina entrepreneurs for over 10 years. In his current role, Dhruv is responsible for the building key relationships with leading investors including venture funds, angel investors and strategics around the country.
Prior to CED, he was a part of launch team for the Piedmont Triad Entrepreneurs Network and was a Licensing Associate at UNCG’s Office of Innovation Commercialization, which evaluates the commercial feasibility of technologies. Prior to arriving in North Carolina, Dhruv was a part of ICICI Bank’s sales team in Mumbai, India.
He currently serves on the Board of Advisors of Rex Health Ventures – a $10 million strategic investment fund that invests in healthcare. In addition, he served on the Leadership Council of Z. Smith Reynolds Foundation, a grant making foundation supporting public education, community-based economic development, environmental sustainability and racial & gender equality in NC.
What is the most notable change that has impacted your members during your tenure at the CED? How has CED responded to this challenge/opportunity?
As our entrepreneurial community has grown we’ve seen a number of great resources emerge to help early-stage startups gain a foothold and have a shot at success. What CED has noticed is that there isn’t much formal support for companies who are scaling up from that startup phase. Those scaleups are where we really start to see the economic and other benefits of successful entrepreneurship, so CED has decided to step in and become a resource for those “scaleup” companies. We’re leveraging our network to help these companies form better relationships with investors, especially those who are out-of-market, and we’re helping to promote companies and our entrepreneurial ecosystem to national media and other audiences. CED is perfectly positioned to fill this role as a connecting network, helping companies with traction to take that next step and truly build out our entrepreneurial community in North Carolina.
What is one program you’re most proud of at your organization? Why?
Our two marquee conferences, Tech Venture and Life Science, have really grown over the past few years and now attract national attention from media, investors, companies, and entrepreneurs. The Life Science Conference counts over 30% of its attendees from out of state and Tech Venture has become a key showcase event in the Southeast where companies are announcing product releases, partnerships, and other key milestones. We see these events continuing to grow in both attendance and prestige over the next few years.
Name one way you’ve changed your work based upon something not going as well as you hoped the first time?
The best thing you can do as an organization like ours is to “talk to your customer.” Our main customer is the entrepreneur, so we are constantly engaged in dialogue with them and adjusting our approach and offerings based on their feedback.
Name one tool, website, app, etc that you find very helpful professionally.
We have transitioned our entire database and many of our operations to salesforce.com and it has transformed our organization. It’s rare for a non-profit to be data-driven but we have embraced that strategy using Salesforce and we’re already seeing results – becoming a more efficient, outcomes-based organization.
When you’re not working diligently on behalf of your members, what do you do for fun in your spare time?
I enjoy running. I also enjoy a good quality beer… usually post-run.